Incorporation Transparency

Testimony to Senate Banking Committee on Beneficial Ownership Information

Gary Kalman, the executive director of the Financial Accountability and Corporate Transparency (FACT) Coalition, testified in front of the U.S. Senate Committee on Banking, Housing, and Urban Affairs on Thursday, June 20, 2019 at a hearing regarding nongovernmental perspectives on the impact of collecting beneficial ownership information as part of legislation designed to protect the U.S. financial system.

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Bipartisan Group of Senators Unveil Draft Anti-Money Laundering, Ownership Transparency Bill

House Committee to Vote on Corporate Transparency Act Tuesday

WASHINGTON, D.C. — A bipartisan group of four U.S. senators unveiled draft legislation to update federal anti-money laundering laws and end the incorporation of anonymous companies in the U.S. on Monday, as House lawmakers prepare to vote on their own bipartisan proposal to address the abuse of anonymous companies on Tuesday.

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